Stocks are the New Gift Card for Kids this Holiday Season + a Free $5 Bonus! ~ Dallas Mom Blog and Fort Worth Mom Blogger: Trendy Mom Reviews
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Friday, October 27, 2017

Stocks are the New Gift Card for Kids this Holiday Season + a Free $5 Bonus!

Thanks to Stockpile for sponsoring this post.

Every once in a while, I come across something that is a great idea and makes me wonder why it wasn't invented sooner. In today's post, I'll tell you about one of those ideas - Stockpile gift cards that allow you to gift fractions of stocks for the price of a standard gift card. Let me share more details and then I will point you to a $5 bonus for signing up.

You may have also heard about Stockpile through WSJ, ABC News, The Huffington Post, Time Kids, Forbes, and other news outlets. You may have also noticed Stockpile gift cards at Target, Kroger, Toys R Us, and other stores.   They sell gift cards in increments as small as $25.  The concept is perfect for children and gifting.  Rather than having to purchase an entire stock, you purchase a fraction of a stock.  Think about it like this - I want to buy a slice of pizza, but I don't want to buy an entire pizza.  The same goes for stocks - I'd be happy to invest money for a child as a gift, but my budget for a gift is $25, $50, or $100. It would be nice to buy a slice of a stock that fits within my gift budget. The idea is pretty cool and I love the story about how the founder's nieces and nephews motivated the concept:
"A few Christmases ago, our founder, Avi, thought it would be neat to give his nieces and nephews some stock in their favorite companies instead of more stuff. But the ones he wanted to give — Apple and Google — were too pricey, and the process was such a hassle that he gave up and bought more toys. He couldn’t get the idea out of his mind, though, and figured there had to be a way. And that’s how Stockpile was born."
I think that we all relate. As parents, we want to help our children to save for college and look into stocks or other investments.  We love when they receive gifts of cash to put toward their college savings. However, there is hesitation to suggest stocks for gifts because of the expense and paperwork. For instance, the price of Tesla stock at the time that I wrote this post was $337.02.  I would never ask for family or friends to buy my children a $337.02 gift. However, it's reasonable to put a Stockpile gift card on their wishlist since it's within a gift budget.   It's such a nice idea to put the gift cards toward investments! Again, it reminds me of buying pizza by the slice as opposed to buying an entire pizza.

The selection of stocks at Stockpile is fantastic. They currently have the FANG options - Facebook, Apple, Netflix, and Google. They have Berkshire Hathaway B for those little Warren Buffet fans.  They have classics such as Coca Cola, Nike, Microsoft, or ETFs.  They even have Tesla.  The list is quite long!  Head over here to browse.

Finally, let's talk about fees.  Stockpile seems to have thought this through so that it makes a lot of sense for gifting to children.  The fees are pretty small at just a few dollars to get started on a stock and 99-cents for trading. There is no minimum balance required, no monthly fee, and they don't charge a fee to link to a bank account for incoming/outgoing cash (ACH).  This is great for my kids since they don't have a lot of money and we need a setup like this that won't crush them with fees.

Sign up for a $5 Bonus
Since I a big fan of Stockpile, I reached out to them to ask if they could do something for our readers. They offered to provide a $5 bonus to our readers that sign up here!

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